Bust a move and get your groove on.
It’s time to get down with da weekly BEETS da-da-da-data!
TVL
Total TVL across both networks is sitting at $33,873,053
🔵 On FTM, TVL is $10,492,906
🔴 On OP, TVL is $23,380,147
Volume
The total volume for the previous week is $14,550,965
🔵 On Fantom, Volume totaled $1,869,735
🔴 On Optimism, Volume totaled $12,681,230
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers have earned $8.54K in swap fees and $3.17K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, the A Late Quartet (wBTC/wETH/FTM/USDC) has generated 28.8% of the weekly swap fees totaling $1,479.
Optimism
This week, on OP, the ‘Oats and Grains’ pool has pulled in the most swap fees for liquidity providers, generating a total of $722 for the week.
Yield Capture
On Optimism, ‘Rocket Fuel’ has captured users the most in Yield fees, bringing in $6,876 for the week. The second highest fee generator of the week is Shanghai Shakedown.
Protocol Revenue
During this past week, the protocol generated $8,539 in Swap fees. $10,096 was also generated via Yield Bearing tokens hosted on the protocol, of which, $4,522 flowed to the protocol as revenue.
In total, $7,394 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 2.14.
So, where does all protocol revenue flow?
Two directions.
- Gauge Bounties
- Treasury
Gauge Bounties
A portion of all Beethoven X protocol fees flows back to our #maBEETS holders as Gauge Bounties on Fantom.
In the recent gauge vote, over 171,000 BEETS were offered as BEETS bounties.
Treasury
The remaining protocol revenue is utilized to build a sustainable Treasury to ensure Beethoven X’s longevity. To ensure diversification, Beethoven holds treasury assets across 3 different chains.
Fantom
On Fantom, the DAO currently holds $471,931 in the Treasury wallet.
Down compared to last week by roughly $21k.
Top DAO Farming positions on Fantom
- BEETS Liquidity Pool on Tarot — $13,394
- Locked LQDR pool on Liquid Driver — $6,156
Optimism
The Beethoven X DAO holds $1,253,993 in Treasury assets on Optimism.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($666,159). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $547,707 is actively deployed in LP positions.
This week, in line with BIP-48, 53 ETH was bridged from our Ethereum Treasury, deposited in the Gyroscope E-CLP wETH-wstETH pool and the resulting BPT was staked on Aura. In addition to this, our existing Rocket Fuel BPTs were re-staked in Aura.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $322,272
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $97,203
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,090
- House of the rising Sonne(USDC/DAI/USDT) on Beethoven X — $32,471
Ethereum
The Treasury also holds over $1,239,999 of assets on Ethereum.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $79,260
- veBAL pool (BAL/ETH) on Balancer — $29,081
Totals
This brings the Treasury’s total holdings to over $2,965,923 (up 1% since last week)
( $2,112,007 not including BEETS and OP tokens)
Outro
Beetin’ and Bustin’
Did you groove to the data?
Until next week, you can keep up to date / interact in real-time with the two analytic platforms below:
Love as always,
BEET X
